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NEWS and PRESS RELEASES

Posts Tagged ‘Gary Rasmussen’

Global Entertainment Holdings Finalizes Joint Venture With Arthur Wylie’s Global Renaissance Entertainment Group

Wednesday, July 7th, 2010

Los Angeles, CA – (WORLD STOCK WIRE) – July 7, 2010 — Global Entertainment Holdings, Inc. a publicly traded entertainment Company (OTCBB: GBHL), is pleased to announce that it has recently completed an exchange of shares with Arthur Wylie’s Global Renaissance Entertainment Group (GREG). This was the final step towards commencing activities under a Joint Venture company formed last October with GREG called “Global Renaissance Funding” (GRF). GRF is 51% owned by Global Entertainment Holdings and will endeavor to raise capital for a slate of films to be jointly produced by GREG and Global Universal Entertainment, a wholly-owned subsidiary of GBHL, and with Global Universal Pictures, its 30% owned Canadian affiliate.

Gary Rasmussen, CEO for Global Entertainment Holdings, remarked that, “With the finalization of our Share Exchange agreement, Global Entertainment Holdings now owns an equity interest in GREG, an indirectly in the Omar Tyree properties, and GREG is now a significant shareholder in our public company, GBHL, providing both GREG and GBHL with a vested interest in one another.”

Last year, Mr. Wylie and Omar Tyree, the New York Times bestselling author, whose works have been read by millions, structured an exclusive deal to adapt his popular novels into film. Leslie, a supernatural thriller set in New Orleans, along with his best seller Flyy Girl are the first of Tyree’s novels to be adapted to film by GREG and to be funded through GRF. Omar Tyree books have been sold and read by over 8 million people. Leslie and loyal Flyy Girl readers will provide a “built-in” audience for the film.

Leslie is intended to be just one of several films planned for production this Fall at the newly formed Wylie Studios in Southeastern Michigan. Arthur Wylie, CEO of GREG, has begun securing production rights from many of Hollywood’s super-producers to produce high quality productions with better pricing. Plans are to operate from the 104-acre studio complex, which is located in the City of Allen Park, just ten miles outside of Detroit, Michigan, until they secure a more permanent site for their productions. What is now the studio complex was formerly the headquarters and warehouses of Montgomery Ward.

The vertical integration of the studio into the production structure of GRF and Global Universal will facilitate many upcoming film productions with reduced labor rates, hefty tax incentives from Michigan and enhanced production scheduling. “This paves the way for our companies to commence working on raising capital and starting the production of films in Michigan”, stated Gary Rasmussen, GBHL CEO.

A recent article in Crains Detroit Business News attests to the fact that Arthur Wylie and GREG have established a major presence in Allen Park, Michigan. “I believe that all businesses must get back to the fundamentals of business, financing and protecting investors’ equity, by utilizing a more efficient combination of debt, equity and tax incentives than typically structured by Hollywood”, stated Arthur Wylie, GREG CEO.

About Global Renaissance Entertainment Group
Global Renaissance Entertainment Group, Inc. (www.theGlobalRenaissance.com), is a full service film and television production company located in Hollywood, CA, Atlanta, Georgia and Allen Park, Michigan. Our primary focus is to develop solid brands that have built in audiences, facilitating the successful release of content across multiple platforms of media. This consists of films originating from Global Renaissance Entertainment Group (GREG), as well as outside content from top production companies. We strategically structure the financing, marketing, distribution and production for films and television content to be released globally. The principals of GREG are currently developing a world-class film studio and entertainment complex in Allen Park, Michigan.
GREG, an Arthur Wylie owned and operated company, has recently joint ventured with Global Entertainment Holdings, Inc., a publicly‐held, fully reporting company whose common stock is traded over the counter (OTCBB: GBHL), creating GLOBAL RENAISSANCE FUNDING, LLC, for the purpose of forming and managing film funds. The principals of GBHL have been in business since 1987, and have produced over 15 feature-length films “on time” and “on budget.”

About GBHL & Global Universal

Global Entertainment Holdings, Inc. (www.Global-GBHL.com) is a publicly-held, entertainment company traded on the OTC Bulletin Board under the symbol: GBHL. The Company’s goal is to build a worldwide entertainment organization with a multitude of domestic and foreign production affiliates. GBHL, through its wholly-owned subsidiaries, Global Universal Entertainment, Global Universal Film Group and its affiliated Canadian company, Global Universal Pictures (www.GlobalUniversal.com), is in the process of developing and producing a slate motion pictures that will be produced in both the U.S. and in Canada with recognizable star names, financed with distribution and tax incentives, with worldwide sales handled through Global Universal Film Group. GBHL and its U.S. subsidiaries are located on the Raleigh Studios Lot in Hollywood, California USA, and Global Universal Pictures, a partially-owned, Canadian affiliate, is located in Fredericton, New Brunswick, Canada. Information on previously completed films can be found on the Company’s website, or on the Internet at: www.AmericanSunsetTheMovie.com, and www.PlasterRockMovie.com.

Global Renaissance Funding (GRF) is a Joint Venture entity formed by GBHL and Global Renaissance Entertainment Group (www.theGlobalRenaissance.com), helmed by Co-CEO Arthur Wylie. GRF intends to finance a slate of films, including films based on several best-selling books written by novelist Omar Tyree. GBHL, through another wholly owned entity, You’ve Got The Part (http://www.youvegotthepart.com), will attempt to capitalize on the current popularity of Hollywood and reality based programming by casting various film roles online. Anyone with access to a digital camera or cell phone will soon be able to submit their audition for a role in an upcoming film.

Coverage of GBHL’s common stock has been initiated by “The Wall Street Corner” (www.wallstreetcorner.com/daily.html). Further information on the Company and/or its publicly traded stock can be obtained from Worldwide Financial Solutions at: wfsolutions@gmail.com, (765) 780-0915; or, directly from the Company at: contact@globaluniversal.com.

Safe Harbor: Pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, and within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Exchange Act of 1934, any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals and assumptions of future events or performance are not statements of historical fact and may be “forward-looking statements.” Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this release may be identified through the use of words such as “expects,” “will,” “anticipates,” “estimates,” “believes,” or statements indicating certain actions such as “may,” “could,” “Hopefully” or “might” occur. Such statements reflect the current views of GBHL and its affiliated companies with respect to future events and are subject to certain assumptions, including those described in this release. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance and commercial appeal of its feature-length films, its film production services, competitive market conditions in the motion picture industry (both in the US and foreign markets), successful sale of the rights to film content produced, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. Neither Global Entertainment Holdings, nor its affiliate or subsidiary companies undertake any responsibility to update the “forward-looking” statements contained in this news release.

Gary Rasmussen, CEO
Global Entertainment Holdings
650 N. Bronson Suite B-116
On the Raleigh Studios Lot
Los Angeles, CA 90004
USA

Phone: 877-807-8880

Note: The following news is from Global Entertainment Holdings, and World Stock Wire, Inc. is not liable for the contents of this news.

Global Universal’s 4th Major Motion Picture in 16 Months

Monday, April 12th, 2010

Los Angeles, CA – (WORLD STOCK WIRE) – April 12, 2010 — Global Entertainment Holdings, Inc., a publicly traded entertainment Company (OTCBB: GBHL), and Global Universal Pictures (Global Pictures), GBHL’s Canadian production affiliate, are pleased to announce completion of The Night, their fourth feature-length film produced in roughly sixteen months.

“Wow! Was it ever cold!” Stated Jackie Giroux, President of Global Universal, as well as the writer and producer of The Night. “And, this being a ghost story, our cast took advantage of those cold, dark and dreary 3 AM screen calls to play their roles with such realism that they’re well worth the ticket price.”

The Night, filmed entirely on location in Grand Falls, Canada (in the province of New Brunswick), continued the blueprint of success that has become a bankable trademark of GBHL and the Global Universal family of companies. “We have successfully employed our financial strategy to complete 4 films in just under a year and a half, while most other independent film companies have struggled for years to produce just one film”, stated Eric A. Leffler, Business Development Officer of Global Universal Film Group, Inc., a wholly-owned subsidiary and the sales & marketing arm of GBHL. “Our financial strategy mitigates our investors’ risk while providing a lucrative potential upside and is, evidently, very attractive. This holds true for our film productions in Canada as well as in the U.S.”

Ms. Giroux stated that, “SCI-FI television star Lex Goderoff, co-starring with Lalesha Railsback, Jimmy McKinley, Angele Bourgeous and Ian Hamrick as the ghost “Rodney”, combined to make an intense, first-class thriller.” Shari Hamrick directed, with Trevor Richardson and Gary Rasmussen, GBHL CEO, as Executive Producers. “Not only will the audience appreciate the production value of The Night, but they will believe in and sympathize with the characters. Hopefully, it will scare the pants off ‘em.”

Gary Rasmussen commented, “Four feature-length films in sixteen months, shows that our financing model, designed to mitigate risk for the investor, while producing quality motion pictures, is certainly working and is attracting the interest of global distribution partners.”

Mr. Rasmussen further stated, “It is well worth a quick review of the success of these four film ventures. Blue Seduction, starring Billy Zane and Estella Warren and distributed by Anchor Bay Entertainment and global entertainment leader Starz Media. American Sunset, starring the late Corey Haim, will premiere this May at the prestigious Cannes Film Festival. Plaster Rock, which is already receiving commercial interest and has a limited theatrical release in Canada scheduled for early May, and now, The Night.”

An example of the interest that such success has attracted, is the partnership entered into by President and CEO of Global Renaissance Entertainment Group, Inc. (GREG), Arthur Wylie, a highly successful business investor in film, real estate, and financial service companies.

GBHL, Mr. Wylie and Omar Tyree, the New York Times bestselling author, whose works have been read by millions, structured an exclusive deal to adapt his popular novels into film. Leslie, a supernatural thriller set in New Orleans, is the first of Tyree’s novels being adapted to film by the GBHL/ GREG joint venture and is in development for the last quarter of 2010.

Mr. Rasmussen stated, “The confidence shown by successful business professionals, global film distributors and well known actors and directors is not only gratifying for all the efforts made to produce such quality films, but is extremely satisfying in proving the soundness of our financing and production strategies.”

About GBHL & Global Universal

Global Entertainment Holdings, Inc. is a publicly-held, entertainment company traded on the OTC Bulletin Board under the symbol: GBHL; website: www.Global-GBHL.com. The Company’s goal is building a worldwide entertainment organization with a multitude of domestic and foreign production affiliates. GBHL, through its wholly owned subsidiary, Global Universal Film Group, Inc. (www.GlobalUniversal.com), and its affiliated Canadian subsidiary, Global Universal Pictures, is in the process of developing and producing a slate motion pictures that will be produced in the U.S. and in Canada with recognizable star names, for worldwide release. Information on its previously completed film can be found at: www.AmericanSunsetTheMovie.com . GBHL is focused on the financing and marketing of these feature-length films. GBHL, through another wholly owned subsidiary, You’ve Got The Part, Inc. (www.YouveGotThePart.com), will attempt to capitalize on the current popularity of Hollywood and reality based programming by casting various film roles online. Anyone with access to a digital camera or cell phone will soon be able to submit their audition for a role in an upcoming film.

Safe Harbor: Pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, and within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Exchange Act of 1934, any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals and assumptions of future events or performance are not statements of historical fact and may be “forward-looking statements.” Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this release may be identified through the use of words such as “expects,” “will,” “anticipates,” “estimates,” “believes,” or statements indicating certain actions such as “may,” “could,” or “might” occur. Such statements reflect the current views of GBHL and its affiliated companies with respect to future events and are subject to certain assumptions, including those described in this release. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance and commercial appeal of its feature-length films, its film production services, competitive market conditions in the motion picture industry (both in the US and foreign markets), successful sale of the rights to film content produced, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. Neither Global Entertainment Holdings, nor its affiliate or subsidiary companies undertakes any responsibility to update the “forward-looking” statements contained in this news release.

Further information on the Company and/or its publicly traded stock can be obtained by contacting Worldwide Financial Solutions at wfsolutions@gmail.com ; (765) 780-0915; or, contact the Company directly at: contact@globaluniversal.com ; Facsimile: (818) 827-0090


URL:
WWW.GLOBALUNIVERSAL.COM

Gary Rasmussen, CEO

Global Entertainment Holdings, Inc.

On the Raleigh Studios Lot
650 N. Bronson Avenue, Suite B-116
Los Angeles, CA 90004 USA
Phone: +1 /877/ 807-8880

Acclaimed Producer and Financier Daniel Sherkow joins Global Entertainment Holdings as Chief Operating Officer of U.S. Production Subsidiary

Friday, February 26th, 2010

Los Angeles, CA – (WORLD STOCK WIRE) – February 24, 2010 — Global Entertainment Holdings, Inc. a publicly traded entertainment Company (OTCBB: GBHL), announced that successful motion picture and television producer Daniel A. Sherkow is now the Chief Operating Officer of Global Universal Entertainment, Inc., a wholly-owned subsidiary and the U.S. production arm of GBHL.

GBHL CEO Gary Rasmussen said “Our U.S. film operations will now be lead by a man that knows every facet of the entertainment and motion picture business. Dan has arranged financing and produced successful and award winning films for ABC, NBC and CBS television, Time-Life Films, Paramount Pictures, Tri-Star Pictures, and Dick Clark Productions. Dan has also produced numerous successful Broadway projects and has advised foreign concerns such as Seoul Movie, the Korean animation company and The China Film Group, Corp., the official government agency of The People’s Republic of China, on financing, distribution and production of major motion pictures.”

After graduating from the University of Wisconsin (Milwaukee) with a Bachelor’s degree in Fine Arts (BFA)/Honors, Mr. Sherkow entered the Graduate School of Business Administration at Harvard University where he earned an MBA.

Following senior management positions at NBC Television and Time-Life Films, and then Vice President, Production at Paramount Pictures and Tri-Star Pictures, Mr. Sherkow produced the feature motion picture “SUSPECT,” written by Eric Roth (“FORREST GUMP”) and starring Cher, Dennis Quaid, and Liam Neeson. Mr. Sherkow funded and produced “AMERICAN BUILT”/”RACE FOR GLORY”; and “IMPROMPTU”, which opened to universal acclaim and won the prestigious Houston WorldFest Award as “Audience Favorite”. “IMPROMPTU”, starring Judy Davis, Hugh Grant, Emma Thompson, Mandy Patinkin, Bernadette Peters and Julian Sands, marked the film directorial debut of noted Broadway stage director, Pulitzer Prize and Tony Award winner, James Lapine (“SUNDAY IN THE PARK WITH GEORGE”). Following its theatrical release and extraordinarily successful video/DVD distribution, “IMPROMPTU” was telecast on the prestigious Public Broadcasting System (PBS) show “Masterpiece Theatre”.

Mr. Sherkow recently financed and produced the feature motion picture “BEING MICHAEL MADSEN”, starring Michael Madsen, Daryl Hannah, Harry Dean Stanton, Virginia Madsen, and David Carradine. “BEING MICHAEL MADSEN” was a featured official submission at the largest independent film festival in Europe, the Raindance Film Festival in London, and at the Starz Denver International Film Festival and San Francisco International Film Festival. “BEING MICHAEL MADSEN” was also selected to screen in the prestigious “Outside the Box (Office)” series at the USC School of Cinema in Los Angeles.

Mr. Sherkow has produced the Made-For-TV-Movies “DONOR”, starring Melissa Gilbert and Jack Scalia, as Executive Producer for CBS Entertainment;”ELVIS AND THE COLONEL: THE UNTOLD STORY”, starring Beau Bridges for Dick Clark Productions and NBC; and served as Executive Producer for “ALL LIES END IN MURDER”, starring Kim Delaney and Jamey Sheridan (“LAW AND ORDER: CRIMINAL INTENT”) for ABC-TV.

Broadway stage projects have included “AGNES OF GOD”, starring Elizabeth Ashley and Amanda Plummer, “MY ONE AND ONLY”, starring Twiggy and Tommy Tune, as well as “THE SLAB BOYS” with Sean Penn, Kevin Bacon, Val Kilmer, and Jackie Earle Haley, Jr., which Mr. Sherkow produced on behalf of Paramount Pictures.

GBHL through its partially owned subsidiary, Global Universal Pictures has produced three successful feature length films. Blue Seduction starring Billy Zane and Estella Warren. American Sunset starring Corey Haim and the thriller Plaster Rock. Pre-production activities have started on a fourth feature length motion picture tentatively titled “The Dark.”

Global Universal Entertainment COO, Daniel A. Sherkow stated “Our unique financing strategy coupled with mitigating investor risk has certainly been proven correct. Three major motion pictures financed and completed in less than fifteen months in this uncertain economy speaks volumes as to the GBHL development strategy. GBHL’s first two pictures, Blue Seduction and American Sunset have been successful and we expect continued success and profitability with the Murder/Horror thriller Plaster Rock.”

Mr. Sherkow further stated “Joining the Global Universal team was an easy decision. The people involved with GBHL have, literally, a lifetime of experience in the film business and their reputations are impeccable. I wanted to get in on the ground floor to be a part of building a major motion picture company.”

Global Entertainment Holdings, Inc. is a publicly-held, entertainment company traded on the OTC Bulletin Board under the symbol: GBHL; website: www.Global-GBHL.com. The Company’s goal is building a worldwide entertainment organization with a multitude of domestic and foreign production affiliates. GBHL, through its wholly owned subsidiary, Global Universal Film Group, Inc. (www.GlobalUniversal.com), and its affiliated Canadian subsidiary, Global Universal Pictures, is in the process of developing and producing a slate motion pictures that will be produced in the U.S. and in Canada with recognizable star names, for worldwide release. Information on its recently completed films can be found at: www.AmericanSunsetTheMovie.com, and www.PlasterRockMovie.com.

GBHL is focused on the financing and marketing of these feature-length films. GBHL, through another wholly owned subsidiary, You’ve Got The Part, Inc. (www.YouveGotThePart.com), will attempt to capitalize on the current popularity of Hollywood and reality based programming by casting small roles online that anyone with a digital camera can apply for. Further information on the Company and/or its publicly traded stock can be obtained by contacting Worldwide Financial Solutions at: wfsolutions@gmail.com, or (765) 780-0915. Or, you may contact the company directly at: contact@globaluniversal.com, or by facsimile at: (818) 827-0090.

Safe Harbor: Pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, and within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Exchange Act of 1934, any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals and assumptions of future events or performance are not statements of historical fact and may be “forward-looking statements.” Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this release may be identified through the use of words such as “expects,” “will,” “anticipates,” “estimates,” “believes,” or statements indicating certain actions such as “may,” “could,” or “might” occur. Such statements reflect the current views of GBHL and its affiliated companies with respect to future events and are subject to certain assumptions, including those described in this release. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance and commercial appeal of its feature-length films, its film production services, competitive market conditions in the motion picture industry (both in the US and foreign markets), successful sale of the rights to film content produced, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. Neither Global Entertainment Holdings, nor its affiliate or subsidiary companies undertakes any responsibility to update the “forward-looking” statements contained in this news release.

URL: WWW.GLOBALUNIVERSAL.COM.
Global Entertainment Holdings, Inc.

Global Renaissance Funding, LLC.

Global Universal Film Group, Inc.

At Raleigh Studios
650 N. Bronson Avenue, Suite B-116
Los Angeles, CA 90004 USA
Phone: 323-521-6000

It’s A Wrap! Plaster Rock, Global Entertainment Holdings’ Third Feature Film of 2009, Completes Production!

Tuesday, December 22nd, 2009

Los Angeles, CA – (WORLD STOCK WIRE) – December 22, 2009 — Global Entertainment Holdings, Inc. a publicly traded entertainment Company (OTCBB: GBHL), and Global Universal Pictures, a partially owned subsidiary of GBHL, announced production completion of their third feature-length, motion picture for 2009, Plaster Rock.

GBHL CEO, Gary Rasmussen, stated “Our unique financing strategy coupled with an experienced production team has certainly been proved to be a winning combination. Three major motion pictures financed and completed in just over twelve months in this uncertain economy speaks volumes as to our development strategy. Our first two pictures, Blue Seduction starring Billy Zane and Estella Warren and American Sunset starring Corey Haim have been successful and we expect continued success and profitability with the Murder/Horror thriller Plaster Rock.

Global Universal Pictures, an affiliated GBHL company, is engaged in the production of high quality, genre pictures with recognizable name talent. Jackelyn Giroux, President of Global Universal Pictures and the writer, producer and director of the movie said “Filming Plaster Rock in the wilderness at the New Brunswick location where the actual events of the true story took place adds to the “magic” we believe the audience will experience when they see this entertaining thriller.”

Adding to the excitement of filming the entire production around the remote Tobique River is the variety of talent starring in Plaster Rock. Lead actress in the film playing the former Miss America beauty Michelle is Jessica Holt. Fresh off her success starring in the award winning short film, A Dark Radius, Ms. Holt is a leading lady of many talents. A successful script writer, she is “at home” on both sides of the camera. Jessica is a skilled carpenter and experienced in the art and props departments. Skilled in special effects she is also a “Gun Wrangler” (set firearm specialist).

Christine Johnson starring as the vivacious Roxy also brought many talents to the Plaster Rock set. Christine is not only an accomplished actress she is a singer/songwriter, model and trained dancer in hip hop, jazz, modern and ballet. Fluent in English and French, she is one of many New Brunswick natives appearing in Plaster Rock.

Global Entertainment Holdings, Inc. is a publicly-held, entertainment company traded on the OTC Bulletin Board under the symbol: GBHL; website: www.Global-GBHL.com. The Company’s goal is building a worldwide entertainment organization with a multitude of domestic and foreign production affiliates. GBHL, through its wholly owned subsidiary, Global Universal Film Group, Inc. (www.GlobalUniversal.com), and its affiliated Canadian subsidiary, Global Universal Pictures, is in the process of developing and producing a slate motion pictures that will be produced in the U.S. and in Canada with recognizable star names, for worldwide release. Information on its recently completed film can be found at: www.AmericanSunsetTheMovie.com. GBHL is focused on the financing and marketing of these feature-length films. GBHL, through another wholly owned subsidiary, You’ve Got The Part, Inc. (www.YouveGotThePart.com), will attempt to capitalize on the current popularity of Hollywood and reality based programming by casting small roles online that anyone with a digital camera can apply for.

Further information on the Company and/or its publicly traded stock can be obtained by contacting Worldwide Financial Solutions at wfsolutions@gmail.com; (765) 780-0915; or, contact the company directly at: contact@globaluniversal.com; facsimile: (818) 827-0090;

Safe Harbor: Pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, and within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Exchange Act of 1934, any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals and assumptions of future events or performance are not statements of historical fact and may be “forward-looking statements.” Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this release may be identified through the use of words such as “expects,” “will,” “anticipates,” “estimates,” “believes,” or statements indicating certain actions such as “may,” “could,” or “might” occur. Such statements reflect the current views of GBHL and its affiliated companies with respect to future events and are subject to certain assumptions, including those described in this release. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance and commercial appeal of its feature-length films, its film production services, competitive market conditions in the motion picture industry (both in the US and foreign markets), successful sale of the rights to film content produced, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. Neither Global Entertainment Holdings, nor its affiliate or subsidiary companies undertakes any responsibility to update the “forward-looking” statements contained in this news release.

URL: WWW.GLOBALUNIVERSAL.COM.
Global Entertainment Holdings, Inc.
Global Renaissance Funding, LLC.
Global Universal Film Group, Inc.
At Raleigh Studios
650 N. Bronson Avenue, Suite B-116
Los Angeles, CA 90004 USA
Phone: 323-521-6000

Gary Rasmussen, CEO
Global Entertainment Holdings
650 N. Bronson
Los Angeles, CA 90004
USA

Phone: 877-807-8880

Global Universal Wraps Filming on American Sunset – Its Second Feature Film in Canada

Thursday, June 18th, 2009

LOS ANGELES–(BUSINESS WIRE)–Global Entertainment Holdings, Inc., a publicly traded entertainment Company (OTC: GBHL), announced that its Canadian affiliate, Global Universal Pictures (GUP), has completed filming of the action thriller American Sunset starring Corey Haim (Lost Boys).

GBHL CEO Gary Rasmussen stated that “post production work has begun and Kaleidoscope Entertainment, the Canadian distributor for American Sunset, will begin working with the film’s sales agent, Global Universal Film Group, a wholly owned subsidiary of GBHL, on a release schedule that will occur later this year.”

Jacqueline Giroux, President of GUP, wrote American Sunset and co-produced the film with Marc Savoie of The Postman in Moncton, Canada, who is providing post-production services. Michael Masucci directed American Sunset. A trailer for American Sunset is available for viewing on the GBHL website at www.globaluniversal.com/projects.htm.

The Company’s first feature length film, Blue Seduction, starred Billy Zane (Titanic, BloodRayne, Sniper) and Estella Warren (Planet of the Apes, Law & Order) and was directed by Timothy Bond. Blue Seduction is being distributed by Image in Media, Anchor Bay Entertainment and Starz Media

Mr. Rasmussen further commented, “With the start of distribution of Blue Seduction, the completion of American Sunset and pre-production started on our third film, GBHL’s financing strategy, which incorporates low investment risk with significant upside potential, is certainly being well received. I urge everyone to visit our website www.globaluniversal.com to keep abreast of our progress and view our latest trailers for an idea of the quality of films our team is producing.”

Ms. Giroux announced that, “We will be inviting our investors for a private screening of our films this July in Fredericton and Moncton, New Brunswick to introduce our Canadian Film Fund. The fund will allow investors to participate in both the common stock of GBHL, as well as an equity position in our continuing production of a slate of films for the coming year.”

Global Entertainment Holdings, Inc. is a public Company, traded on the “OTC” under the symbol, GBHL. The Company goal is building a global entertainment organization. GBHL, through its wholly owned subsidiary, Global Universal Film Group, Inc. (http://www.globaluniversal.com), and its partially-owned Canadian subsidiary Global Universal Pictures, is in the process of developing and producing a slate of six to eight motion pictures. GBHL is focused on the financing and production of feature-length films, with recognizable names, for worldwide release. GBHL, through another wholly owned subsidiary, You’ve Got The Part, Inc. http://www.youvegotthepart.com, will attempt to capitalize on the current popularity of Hollywood and reality based programming. Coverage of GBHL’s common stock has been initiated by “The Wall Street Corner” (www.wallstreetcorner.com/daily.html).

Further information on the Company and/or the publicly traded stock can be obtained by contacting Worldwide Financial Solutions at: wfsolutions@gmail.com or (765) 780-0915.

Corey Haim to Star in Global’s Latest Feature Film; American Sunset

Friday, May 29th, 2009

LOS ANGELES–(BUSINESS WIRE)–Global Entertainment Holdings, Inc., a publicly traded entertainment Company (OTC: GBHL), announced that its Canadian affiliate, Global Universal Pictures, Inc. (GUP), has secured Corey Haim (Crank High Voltage, Lost Boys) to star in the leading role of American Sunset, the Company’s second feature-length film this year being filmed in Canada.

GBHL CEO, Gary Rasmussen, commented that “Mr. Haim recently starred in Crank-High Voltage, opposite Jason Statham (The Transporter Series, The Bank Job, Death Race) and we are very excited that he was available for American Sunset.”Also co-starring in American Sunset are Frank Molina and Bernie Robichaud (Trailer Park Boys).

Kaleidoscope Entertainment has been selected as the Canadian distributor for American Sunset and Global Universal Film Group, a wholly-owned subsidiary of GBHL, is the sales agent.

Jacqueline Giroux, President of GUP, announced that American Sunset, an action thriller, is just completing principal photography and will be ready for release this Fall. “As with our first feature length film, Blue Seduction, several star actors were interested in becoming involved with us on this film project because it deals with the timely subject matter of personal security in today’s world.”

Ms. Giroux wrote American Sunset and is the film’s Producer; Michael Masucci is the Director and Marc Savoie of The Postman (a post-production facility in Canada), will co-produce and provide post-production services. Executive Producers are Eric Leffler and Gary Rasmussen.

Mr. Rasmussen also stated that, “Securing well known talent for American Sunset and with additional film projects underway, GBHL’s business model is rapidly becoming a reality. All investors and shareholders are encouraged to visit our websites www.globaluniversal.com and www.global-gbhl.com for further information, disclosures and disclaimers about our company and our current progress.” The Company’s goal is to build a global entertainment organization.

Coverage of GBHL’s common stock has been initiated by “The Wall Street Corner” (www.wallstreetcorner.com/daily.html). Further information on the Company and/or the publicly traded stock can be obtained by contacting wfsolutions@gmail.com or 765-780-0915.

Global Entertainment Holdings, Inc. is a public Company, traded on the “OTC” under the symbol, GBHL. The Company’s goal is to build a global entertainment organization that will profit from the distribution and production of motion pictures and other entertainment media. GBHL, through its wholly owned subsidiaries, Global Universal Entertainment and Global Universal Film Group, (http://www.globaluniversal.com), along with its partially-owned Canadian affiliate, Global Universal Pictures, is in the process of developing and producing a slate of motion pictures. Global Universal Film Group is also developing “You’ve Got The Part” (www.youvegotthepart.com), an on-line casting show with audience participation that will endeavor to capitalize on the public’s fascination with Hollywood and the popularity of reality based programming.

Further information on the Company and/or the publicly traded stock can be obtained by contacting Worldwide Financial Solutions at: wfsolutions@gmail.com or the Company at: contact@globaluniversal.com

This press release contains forward-looking statements that involve a number of risks and uncertainties. These forward-looking statements contain words such as “expects,” “believes,” “anticipates” and “intends.” Important risk factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, but are not limited to, economic conditions affecting the collection of advances and fees associated with the Company’s former core business operations; the ability of Global Entertainment Holdings and its subsidiaries to achieve their business goals and profitability, as well as activities, events or developments that the company expects, believes or anticipates will or may occur in the future; and the company’s ability to finance its planned film production efforts. Such statements are subject to a number of assumptions, risks and uncertainties that are disclosed from time to time in the company’s reports filed with the Securities and Exchange Commission. The Company does not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in management’s expectations, except as required by law.

Source: Global Entertainment Holdings, Inc.

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